Embodying innovative technologies, Bitcoin is worthy to become part of the portfolio of any investor. This opinion was expressed by Morgan Creek Capital CEO Mark Yusko in an interview with TV presenter and founder of Heisenberg Capital Max Kaiser.
At first, Kaiser noted that the inclusion of even 1% BTC would allow investors to significantly increase the return on a diversified portfolio over the past five years.
“This is unbelievable– emphasized Yusko. – Take at least 1% of the assets of endowments and non-profit organizations 5 years ago – this would be $ 6.7 billion from $ 670 billion. We take one percent, half of the shares and half of the bonds, and instead of the received 7.2% you would have 9 , 2% or 200 basis points from above. Two percent to 7.2% is good alpha. “
However, Yusko noted that it is impossible to completely exclude the possibility of a fall in the value of BTC to zero. On the other hand, the potential income from investments in the first cryptocurrency significantly exceeds the possible loss.
Earlier, Mark Yusko called Bitcoin the next revolutionary technology and the greatest opportunity to create wealth. The head of Morgan Creek also urged market participants to get rid of Amazon’s “dead” stocks in favor of a more attractive, in his opinion, investment opportunity.
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